The benefit of homebuying vs. renting has increased! Renters are seeing their budgets increasingly squeezed as incomes stagnate while homeowners are reaping the benefits of lower mortgage rates. Read More
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But for many people, buying a house could be a great idea. Although there’re many myths about how difficult the home buying process is, they’re not necessarily true! Plus, in fact there are many benefits from owning your own home. Here’re our 5 reasons why we think owning a home is better than renting: 1.
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It was much overdue, as this has. home buying activity is good news, especially with associated benefits announced in the budget as well,” Anshul Jain, Country Head and Managing Director, Cushman &.
6 Things to Consider Before Paying Off a Mortgage Early Mortgage Masters Group 4. Use Your Tax Refund. The secret of how to pay off your mortgage early could be hidden in your income tax return. The average taxpayer received a refund of $3,120 in 2015, according to the IRS. If you receive a tax refund and use it to pay down your mortgage, you can make a major dent in your principal.
Renting the home could enable you to hold onto it, even while you live elsewhere. You can’t afford the mortgage payment. Some individuals with high mortgage payments can rent another home for significantly less money and use the difference, along with the rent collected from the tenant, to cover the mortgage payment.
Those who stay in Southern California, meanwhile, are forced to keep renting. U.S. Census figures show that while Southern California homeownership rates increased 2% from 2011. generations are.
The Mythical Benefits of Buying a Home and the Case for Renting.. More and more people are resisting home buying, in favor of renting. liable for mechanical failure, market risk, buying and selling commissions, and the increased monthly cost on a mortgage. Renting offers the flexibility to.
If you’ve ever wondered why some people think renting is better than owning, here’s the explanation behind how that can be true.